Hi,
I just started bookkeeping for a new customer. Up until now, I had only bookkept my own business so I never had to worry about entering opening balances in historical mode. This new company was existing already. I am bookkeeping for his 2016 year and I didn't have his opening balances right away so while I waited to get his trial balance from him, I started entering his payments/deposits etc from his bank statements in historical mode thinking that I could just enter his opening balances whenever I got them from him. I now have what I need and have figured out how to post the opening balances, but my question is, is it wrong that I had already started entering transactions before I had the opening balances? (His bank accounts show a negative balance right now as I still haven't entered the opening balances) and once I have entered his opening balances, can I exit history mode? Or is it ok to continue to enter the whole year in historical mode? Am I going to be able to reconcile the bank accounts in historical mode? I have almost 10 years of experience with Sage but I have zero experience with working in historical mode! Any suggestions/advice would be greatly appreciated!